Momentum the UAE has picked up over the years in stimulating the non-oil economy has left it quite unperturbed, at least for now, in the face of low oil prices. The HSBC UAE Purchasing Managers Index, which measures the manufacturing and services sector, was 59.3 points in January against 58.
With global demand for primary aluminium forecast to grow at a rate of 5.8 per cent per year for the coming decade, the net export capacity of the Gulf Co-operation Council (GCC) region places the Middle East as a whole in a strong position to sustain its position as a rapidly growing aluminium hub. Boasting an annual production capacity of 2.
Dubai’s Al Khaleej Sugar Refinery does not have any plans to expand at the moment and consolidation in the refining business is necessary for the industry to move forward, its managing director has said.
Ras Al Khaimah Investment Authority (Rakia) has enjoyed tremendous growth over the last six years. In 2009 Rakia was home to fewer than 2,500 companies; today, more than 7,000 companies call it home. Tenants, large and small, are creating a dynamic, innovative environment in which to come and do business.
DOW and RSA-Talke have signed a contract for the storage of petrochemical products that will be marketed by Dow from Sadara Chemical Company, a joint venture of Dow and Saudi Aramco in Saudi Arabia. The joint venture for chemical logistics RSA-Talke is constructing a 10,000 sq m warehouse for petrochemical products in Dubai.
Rexroth technology is proud it has lent safety, efficiency and reliability to a key infrastructure landmark in the UAE – the Dubai floating bridge. The span is an example of Rexroth’s technological pedigree and versatility coming to the fore.
UAE-based Unique Maritime Group (UMG), one of the world’s leading integrated turnkey subsea and offshore solution providers, describes 2014 as a successful year for the group as a whole. One of the major highlights was the securing of a strategic equity investment from London-based Blue Water Energy (BWE).
An efficient and sophisticated logistics system is normally attributed as a fundamental driving force behind any country’s tremendous economic growth.
DOW is keen on assisting the UAE in its rapidly growing building and construction sector, a senior official says.
For UAE-based Rattan House, a leading manufacturer and exporter of synthetic rattan furniture in the Middle East, 2014 was a year of growth, according to a senior company official.
LAMPRELL, a leading provider of fabrication, engineering and contracting services to the onshore and offshore energy industry, has announced the completion of construction on the jackup rig Jindal Pioneer and its delivery to Dev Drilling Pte Ltd of Singapore, a D P Jindal Group Company, on time and within budget.